SaddleRock Capital Management LLC Invests $5.39 Million in Talen Energy Corporation $TLN

SaddleRock Capital Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 14,016 shares of the utilities provider’s stock, valued at approximately $5,386,000. Talen Energy makes up 5.2% of SaddleRock Capital Management LLC’s portfolio, making the stock its 11th biggest position.

A number of other large investors have also added to or reduced their stakes in the business. Ritholtz Wealth Management boosted its position in Talen Energy by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after buying an additional 36 shares during the period. Daiwa Securities Group Inc. increased its position in Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 36 shares during the period. Compound Planning Inc. increased its position in Talen Energy by 4.7% in the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after acquiring an additional 39 shares during the last quarter. Finally, Values First Advisors Inc. raised its stake in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the topic of several analyst reports. Mizuho started coverage on shares of Talen Energy in a research note on Monday. They issued an “outperform” rating and a $405.00 price objective on the stock. New Street Research set a $405.00 target price on Talen Energy in a research report on Monday. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Morgan Stanley reduced their price target on Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $466.86.

Talen Energy Stock Down 2.8%

Shares of NASDAQ TLN opened at $305.54 on Tuesday. The company has a market capitalization of $14.64 billion, a P/E ratio of -73.27 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $301.45 and a 52-week high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The company’s 50 day moving average price is $367.53 and its 200-day moving average price is $357.04.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. Equities analysts forecast that Talen Energy Corporation will post 25.07 earnings per share for the current year.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly owned 2,606 shares of the company’s stock, valued at $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.78% of the company’s stock.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).